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3 Nov, 2011

Chinese firms boost overseas office rentals | chinadaily.com.cn

BEIJING – As Chinese companies embark on a wave of overseas expansion, managers of office buildings overseas are seeing an increasing number of business opportunities amid a faltering economic recovery and are flying to China to seek potential Chinese tenants.

Anthony Malkin, president of Malkin Holdings LLC, which manages the Empire State Building in New York, recently visited China to find tenants, hoping to benefit from the previous flood of Chinese buyers of commercial housing who are now spilling into the office rental market.

Malkin secured leases with People’s Daily Online, Air China Ltd, and PCCW-HKT DataCom Services Ltd, a Hong-Kong based telecommunications company, for office space in the landmark building in New York.

via Chinese firms boost overseas office rentals | Companies | chinadaily.com.cn.